Payment Card News

Small Tickets

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VISA has added five major merchants to its “No Signature Required Program” for certain transactions less than $25. 7-Eleven, Clearview Cinemas, Dairy Queen, Domino’s Pizza, and Sonic Drive-In have joined the program. VISA reports that its volume on purchases less than $25 in targeted small ticket segments has reached $27.3 billion for the first six months of this year putting it on track to top $60 billion by year-end. Last year, more than $49 billion in small ticket purchases less than $25 were made on VISA payment cards. VISA estimates that by the end of 2006 as much as 27% of all VISA transactions may qualify for the “No Signature Required Program.” VISA currently has 17 merchant categories that qualify for the program first launched in April. VISA estimates the merchant segments that qualify for its “No Signature Required” program represents approximately $750 billion in consumer spending.

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|_2. Small Ticket Card Transactions Historical |
|_. 2000: | $ 5.7 billion |
|_. 2001: | $ 9.7 billion |
|_. 2002: | $14.0 billion |
|_. 2003: | $23.7 billion |
|_. 2004: | $39.2 billion |
|_. 2005: | $49.1 billion |
|_. 2006: | $60.0+ billion |
|_2. Source: CardData (www.carddata.com) |

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